UEFA End Gazprom Champions League & Euro 2024 Sponsor Deal
Update - February 28, 2022: Today, UEFA announced that they are ending their partnership with Gazprom effective immediately. Schalke did the same earlier today.
All current sponsor agreements such as for the UEFA Champions League and Euro 2024 were terminated.
Original Article: UEFA could end their sponsorship with the Russian company Gazprom. Gazprom have been a sponsor of the UEFA Champions League since 2012.
On Friday, UEFA already confirmed that the 2021 Men's Champions League final has been moved from St Petersburg to Paris.
UEFA In Discussions With Their Lawyers Over Ending Deal With Gazprom
UEFA are in discussions with their lawyers over ending the longstanding relationship with Gazprom. This is reported by several media, including The Guardian and Independent.
The deal is worth around 50 million Euro / year
The current Gazprom UEFA sponsorship deal was signed in May 2021 for the 2021-2024 period. It also includes the sponsorship of the UEFA Euro 2024 and should be worth around 50 million Euro per year.
Termination of the contract would mean a considerable financial loss for the football governing body. In their statement, UEFA only confirmed that there would be “other meetings of the ExCo soon where additional matters will be addressed”.
Should UEFA end their partnership with Gazprom? Comment below.
